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the crisis over, yes, the fiscal cliff. and origin tina's rating is slashed over five notches. we'll speak to a bondholder who once represented the country's creditors. >> you're watching "worldwide exchange," bringing you business news from around the globe. >>> as we get into the trading session here in europe, you can see behind me decliners outpacing advancers by about a 4-1 ratio, with stocks shedding about a third of a percent. we'll get to more of that shortly. first take a look at the forces individually to get a sense of where we're seeing the selling pressure and it is pretty much consistent. there's the ibex 35 down .7 of a percent. the ftse down about a third of a percent. not many green spots to find. yesterday we saw that rally in peripheral debt. today we're actually seeing firmer prices across the board, so whether the u.s. down there or italy and spain here in the periphery, 4.7%, 6%, remarkable there, level for spain even today as the country's banks are being more fully examined in light of the national examination plans. the dollar/yen pulling back about half a percent
people here in washington are calling the fiscal cliff. today, we have new proof that people across the country not only are aware of what's going on, they're very, very worried. our new poll shows 68% say the country will face either a crisis or major problems if the cuts in taxes aren't avoided. and a whopping 77% say their personal financial situation will be affected by a failure to solve the fiscal cliff problem. despite this nationwide sense of urgency, there's only a little talk of compromise right now as lawmakers return to washington. our congressional correspondent, kate bolduan, has been working her sources on capitol hill and what's going on. stakes are enormous right now. what's going on? >> they were away for a week. staff was supposed to be working. but lawmakers are arriving back in town with no real whisper of an imminent breakthrough at the moment to avoid this looming series of tax increases and spending cuts that could very well damage the economy. but the air of compromise among some notable republicans is definitely grabbing attention. the republicans' comments
that could exist between europe and the u.s.? it seems like the u.s. has to deal with the fiscal cliff and there is not much room for mutual influence. if you don't have your house in order, you cannot speak to our problems. this does not covered in our media very much. >> thank you. let's go to illinois. we have the votes from the judges. >> can you guys hear me? what can parliament do to encourage [indiscernible] >> thank you. we will go right to the answers. >> you the unemployment, i spent a long time in entering what could we do to regain trust and growth. i made a proposal, and i repeat it. the european union, together with the states in which the youth unemployment is so crop -- so great, we should support those enterprises who employ young people with direct support financially for the enterprise, or with privilege and taxes. those are the two possibilities, but we should do it. the fight against unemployment, in my eyes, is the highest priority for the european union, or must be the highest priority for the european union. the international labor organization spoke about the l
's how congress rolls. and now with just 36 days remaining to avoid the so-called fiscal cliff, senators are coming back to work. the house returns tomorrow. the white house is working both sides of the beltway to maintain bush-era tax rates for the poor and middle class, while letting those lower rates expire for higher earners. this morning, the white house put out numbers claiming if we fall off the cliff, consumers will be spending less money next year. how much less, exactly? $200 billion in fiscal 2013 alone. that would be a huge, huge hit on retailers. now, tax hikes are the biggest part, but not the only part of the fiscal cliff. seeing it as a fiscal cliff, the new year will also bring more than $100 billion in spending cuts, if -- if congress and the president can't agree on some other course. all of this brings me to my friend, cnn's christine romans with details on the toll on consumer spending. we threw out the number, $200 billion. what does that mean? >> it comes straight from the white house, trying to ride the coat tails of black friday weekend when throwing around how m
of the so called "fiscal cliff" negotiations. today we are focusing on the bush-era income taxes. we're having a roundtable discussion in our last hour from a democratic and republican perspective on that. so stay with us. madeleine in thousand oaks, california, republican. caller: i am the wye fire the teacher. i feel i am an independent republican. -- i am the wife of a teacher. in california we feel we have too many administrators. the teachers need time to get further education and that should be demanded. there are teachers who should not be there. but there are parents who are very aggressive who come to school and have come on the playground and have hit the teachers. the teachers have insurance if something happens. one student came to school with her mother is underpants. it's not only the military that get tempted, but teachers get tempted also. host: we have a line set aside for educators this morning. we want to hear from them as well as we continue this discussion on how you would fix your school system. yesterday in washington recovered an event with florida governor je
from the desk with the couch. >> shepard: this is the fox report. avoiding the fiscal cliff. now the president and house republicans plan to hit the trail in search for support for their competing plans. plus, the u.s. ambassador, susan rice, meets with some of her toughest critics. and apparently they don't like what she has to say. >> we are significantly troubled by many of the answers that we got and some we didn't get. more disturbed now than i was before. >> shepard: republican senators criticizing ambassador rice for her initial comments on the libya consulate attack. >> ambassador rice has no responsibility for collecting, analyzing and providing intelligence. >> shepard: tonight the ambassador responds. >>> plus, the people of egypt trying to avoid trading one dictator for another. fighting back against a president who gave himself new powers. tonight a potential crisis point as the leader tries to put himself above the law. and how will the u.s. handle this? >>> plus, the chances of winning are ridiculously low. but millions of us are still lining up for a shot at a rec
in congress in the next month and a half. everybody wants to talk about the fiscal cliff, some talk about austerity, bomb, others talk about what needs to be done to lift the debt limit. and all of these issues are before us. tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican, is to get the american economy going. to put it back in gear. and there are many reasons beyond just employment and the opportunities that family have -- families have to make it. one of the critical elements in all of this is to protect americans. we recently saw superstorm san joaquin smash into -- sandy smash into new jersey and new york with devastating results. loss of life, incredible loss of property, both public a
house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how important is it that we get an agreement before the end of the year? >> this is like the debt ceiling argument. people got into a panic. that's something we even imposed on ourselves to decide that the debt shouldn't go too high. so it's not a bad thing. same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't jus
on a retailer that is off the beaten path. bottoming out? there is a lot weighing on this market. fiscal cliff fears. but after weeks of painful retreat, is a turn finally coming? in tonight's edition of off the charts. all coming up on "mad money." don't miss a second of "mad money," follow @jimcramer on twitter, have a question, tweet cramer, #madtweets. send jim an e-mail or give us a call. miss something? head to our website. there's nothing worse than going to the post office and waiting in line. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. side by side so you get the same coverage, ofte
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with senator tom coburn about the fiscal cliff, affordable care act and future of the republican party. the senator has written several books, including his latest. join our three-hour conversation with your calls, emails and tweets for medical doctor and senator tom coburn on book tv's "in depth" on c spanning 2. >> washington worked his way up and wept to harvard law school and went out west to illinois to galena where the industry was in its heyday. arrived by ship by stagecoach, by train and arrived on steamboat in this muddy mining town. boarded themselves in a log cabin and established themselves in a log cabin and worked his way up and became a very successful lawyer and got involved politically. ran for congress, served for eight terms and then befriended abraham lincoln, obviously from illinois and then grant. and as they were on the rise, washburn stayed with them as a close colleague during the civil war and after grant was elected president, he initially appointed washburn secretary of state and at that time, wash burn became very, very ill and his family feared for his lif
to break. so goes the story that is the fiscal cliff. the president is stepping up his outside game with events this week to 0 build public support. some call it posturing for his preferred combination of tax ineeses and spending cuts. a contrast from how the white house conducted itself during the 2011 debt ceiling standoff. ultimately this fight comes down to another number, 218. the number of house votes needed for a deal. and it's not clear that his efforts will persuade 100 to 120 house republicans who are needed at a minimum for boehner to get a deal done to get to the 218 overall. remember these republicans believe just as fervently as the white house does that they have their version of public opinion on their side. why can do we think this? when it comes to their own voter, both sides are right. the president won re-election fairly handily, but so did republican incumbents in the house. these are some stunning statistics that gerrymandering has created. 93% of the 205 house republicans who ran for re-election won. 88% of them won with 55% of the vote or more. the president
. >> brown: washington was a-whirl today with more talk of avoiding the much-discussed fiscal cliff. but as november wound down, the president suggested an agreement on taxes and spending could come in time for the holidays. >> i believe that both parties can agree on a frame work that does that in the coming weeks. in fact my hope is to get this done before christmas. >> you know me, i was born with the glass half full. i'm an optimist. >> brown: hopeful signs emanated from the white house and the capitol today, about getting a deal before the new year brings automatic tax hikes and spending cuts. president obama offered his optimism at an event with middle-class americans who'd be hit by any tax increase. >> i'm glad to see-- if you've been reading the papers lately-- - that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> brown: one such lawmaker is republican house member tom cole of oklahoma. t
outcomes. >> as we can come you talk with senator tom corps coburn about the fiscal cliff and the future of the republican party on both tvs and dad. the senator has written several books. live at noon eastern on c-span2 on "in depth." the u.s. has dropped out of next week's middle east talks iran had agreed to attend. former carter administration national security adviser spoke about the ongoing stalemate between the u.s. and iran over its nuclear program and explain why a why attacking iran should not be an option. this is about 40 minutes. >> the next speaker does not need any introduction and anything. one of the greatest statesmen alive, has had to deal with iran extensively from managing the relationship with the shot to the hostage crisis to the 1979 revolution itself and the ongoing conversation of how to deal with the nuclear challenge over on. president obama referred to him as one of the most outstanding figures and he presented him with the presidential medal of freedom in 1981. i have been tremendously grateful to benefit from his insight. a strong opponent of the invasion o
hope so. what i would like to do is to say that the fiscal cliff issue we have been talking about all they hear -- all week, is really important and we have to make progress right now towards a sustainable budget. a lot of experts sitting here about why that is important but based on our work there's a much broader competitiveness problem facing the u.s. right now. has been building for decades, it is not a recession, it has been building for decade-sapping the ability of the american economy to grow, and the average american to rise. to make the u.s. less competitive, less attractive for business, we go back to the fiscal cliff discussion over and over again because unless we get the economy really moving and growing in a long run, these budget problems will occur over and over again. we have identified eight areas where we find, these things would move the needle in a reasonable time frame, two or three or four years we start to see impact and there's quite bipartisan support. and the sustainable budget compromise. number 2, easing immigration now. we need a broader immigration refo
the fiscal cliff. speaking to the economic club of new york, bed bernanke urged lawmakers to reach a deal to avoid the automatic spending cuts and tax increases. bernanke said going over the cliff would pose a substantial threat to the economy. >>> hewlett-packard stunned the markets after alleging an accounting scandal at its british software unit would cost the company $8 billion. hp stock plummeted 12% on tuesday. then there's the fate of the twinkie. it's not looking good. >> oh, no. >> hostess brands will proceed with a plan to go out of business after last-minute talks with striking workers broke down yesterday. the company and bakers union had entered mediation in an effort to try to save over 18,000 jobs. >>> president obama is calling on congress to follow the example set by former u.s. senator warren rudman of new hampshire who called for bipartisanship during his time in washington. he passed away on monday from complications from lymphoma. he warned against large federal deficits and was a fierce critic of the reagan administration in the 1980s iran-contra affair. >> the ameri
coburn about the fiscal cliff, affordable care act and the future of the republican party on book tv's "in depth." the senator has written several books and reports including the latest, "debt bomb." join us with your calls, emails, tweets for senator tom coburn live sunday at noon eastern on book tv's "in depth" on c-span2. >> and over at the white house today, the president's resolving with fiscal cliff issues, he's meeting with business owners. the president and vice president will visit with the president-elect of mexico, enrique pena nieto. u.s. house coming in momentarily. back from the thanksgiving break. they'll come in for short speeches in just a moment. later this afternoon they'll begin work on five bills one of which would require the department of homeland security to report annually on border security and illegal immigrants. votes at 6:30 this evening. later this week they'll be working on a proposal for a new visa proposal for foreign students, foreign college students taking advanced degrees in science, engineering and math. off the floor this week democrats will ele
fiscal cliff president obama is taking his case to small business owners from across the country, meeting with more than a dozen at the white house, looking to avoid a year-end tax hikes and spending cuts. republican leaders will meet with a bipartisan group of former members of congress as list leaders as well as both sides hold the line on taxes. >> i'm willing to put revenue on the table to pay down debt and create a better economy but my democratic friends have to reform entitlements. what will make us greece is not raising taxes. what will make us greece is not fixing medicare, medicaid and social security. jon: white house press secretary jay carney says president obama will not give on extending current tax rates on wealthy americans. on entitlements carney says the president is open to changes except when it comes to social security. >> the president has long made clear that he is open to discussions about strengthening social security as part of a separate track. jon: so is the u.s. economy heading for a plunge over the fiscal cliff? with us now, associate editor and columnist fo
all, he's trying to reach a bipartisan deal to avoid the fiscal cliff? >> right. look, i would be surprised if the president put her forward given everything that we've seen. there were one or two scenarios, right? either she was, this was a tryout for her and she failed, or it was the case that they sent her out on purpose as the president suggested when he said they sent out susan rice who, quote, had nothing to do with benghazi. gregg: right. >> they sent her out on purpose to basically do little other than to mouth administration talking points. in either case, she comes out of those five appearances looking like she doesn't know what she was talking about in the best case scenario, or she was being dishonest in the worst case scenario. gregg: but, steve, look, here's the deal, do republicans really want this fight over secretary of state? time magazine made the following point, we'll put it up on the screen: gregg: the optics favor the white house. >> look, who cares about the optics? if she went out and told a story which wasn't true, which everybody now can see, you have
.s., congress returns from a thanksgiving break he with talks to resolve the fiscal cliff. with no action by lawmakers and president obama, around 600 billion in tax hikes a and spending cuts would take effect in january. republicans and democrats are still in odds over the cause to raise taxes on the wealthiest and cutting on programs like medicare. but both sides saying they're willing to compromise. >> you have to raise additional revenues. there are ways of doing that. >> republicans always put revenue on the table. democrats always promise to cut spending. we never cut spending. what i'm looking for is more revenue for entitlement reform. >> the house speaker has called for a short term fix to overt the fiscal cliff so congress can work on a bigger deal in 2013. they naed to cut out a package that includes revenue hikes and spending cuts by the end of the year. >> americans have been out shopping early and often. almost 140 million kmers hit the stores or shopped online between thursday and sunday. that's up 6% from last year. >> almost a quarter billion shoppers will have been onlin
-called fiscal cliff, what could be a big increase in the dividend tax. this' next. >> our taxes are about to go up. >> not the taxes on our dividends though, right? that's a big part of our retirement. >> the rate on our dividends would more than double. or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. @ if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a reverse mortgage works, how much you qualify for, the ways to receive your money, and more. plus, wh
next, with the fiscal cliff just 35 days away, congressional loerds say president obama isn't doing enough to make a deal. senator mark warner, the third wealthiest man of the senate, outfront on tax rates and whether the president needs to take a bigger role. >>> plus, the u.n. ambassador to the u.s. susan rice, admits the talking points she used after the benghazi attack were wrong. republicans call her answers troubling. >>> and a former mayor spent her life taking on thugs in her town. her fight and her life tonight are now over. let's go out front. >>> good evening, everyone. i'm erin burnett "outfront" tonight, where in the world is president obama? it's been 11 days since he met with congressional leaders on the fiscal cliff. and with impending doom as a lot of people describe it, just 35 days away, key lawmakers say the president hasn't worked hard enough with them to broker a deal. >> rather than sitting down with lawmakers of both parties and working out an agreement, he's back on the campaign trail presumably with the same old talking points that we're all quite familiar
. >>> number two, just 38 days left until we cross over that so-called fiscal cliff. a move that would trigger massive spending cuts to government programs and could even send the u.s. into a recession. earlier this morning i asked morgan stanley smith barney director ron hart if there were any benefits of actually going over. >> getting our fiscal house in order, either now or later, right? we can't spend money at this trajectory, 16 trillion in debt. 99 trillion nun funded liabilities with medicare and social security, so at some point you've either got to do it now or do it later. >> congress is back in session on monday and expectsed to work on a solution. >>> and in europe, european union leaders aend two dye days of divisive budget talks without a deal. they are caught for one plan to increase the budget and another to cut t.eu leaders should be able to reach a deal early next year. >>> number four, take a look at this. not sure what all the letters and numbers mean. neither do top british spy agencies. it's apparently some sort of world war ii code that was found on the skeleton of a ca
and didn't. >> we weren't going to get the negotiations required to sail off of the fiscal cliff. >> there's the tax hike romney's question i consider them very different projects. obama is trying to put them together. the same way he wants you to -- what i hear is that one or all of them will be sailing off january 1st and the quit jumping medicare because they get 30% less i believe the member is the payroll taxes go up which weeks all the people of that have never heard of the sequester. i am having a very difficult time visualizing with what february looks like when the press gets a hold of this and then all of a sudden we also have the debt limit. i just can't see what we are going to do. >> the debt limit is an additional tool to explain to obama that he isn't the king and like henry viii you have to go to the parliament for money. he might want to nationalize monastery's but i don't think he can get as much these days as back then with that approach so he has to go to the parliament, has to go to congress for the resources for the debt ceiling, for all of these things. and look it w
in the s and p posted losses. was it greco's. >> in the fiscal cliff is inching closer and closer by the day tax increases and deep spending cuts take effect in five weeks. if lawmakers cannot reach a deal. with little progress being made in washington president obama is hitting the road. at paine has the story. >> the mood was optimistic earlier this month when president obama met with congressional leaders to work out an agreement to avoid this cliff. now the president is taking his case mr. obama met with small-business owners tuesday. today he hosted an event with middle-class americans and sits down with some of the nation's top ceos. friday he travels to a manufacturing plant in pennsylvania senate minority leader mitch mcconnell question the president. >> president saddam the law makers and working out with the agreement is back on the cam best-president obama >> the president got input outside the beltway. he wants to continue the conversation when business leaders, small business leaders, civic leaders, and labor leaders because everyone has a stake in this. >> lawmakers
on your facebook page. and grover norquist, says the republican will not cave on the fiscal cliff and that the g.o.p. will not agree to higher tax rate. i disagree with that. grover coming up after the break. so, too, is the opening bell. next, is this what republicans are up against? >> we cannot afford to extend the bush tax cuts for the wealthy. what i'm not going to do is to extend bush tax cuts for the wealthiest 2% that we can't afford. can your hearing aid do this? lyric can. lyric can. lyric can. lyric by phonak is the world's only 24/7, 100% init's tiny.aring device. but lyric's not just about what you can't see. it's about what it can do. lyric can be worn 24/7 for up to four months, without battery changes. incredibly easy to live with, lyric can be worn showering, sleeping and exercising. in fact, you might forget it's there at all. call for a risk--free trial. and you'll see lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. (testimonial section) (testimonial section) (testimo
like he is still campaigning. to make the public case for strategizing the fiscal cliff. friday he will be meeting with business owners, small business owners. at the white house today the president will meet and tomorrow with middle-class americans. >> an 18 year-old accused of killing a man and injuring and police officer will be arraigned this week. here is a video of the other suspect in this case who was in court last wednesday. there china find a connection between the two. both are being held for murder, armed robbery, and attempted murder of a police officer. the drama of a 14 year-old boy charged as an adult with attempted murder sexaul assault and kidnapping of a 65 year-old woman has been postponed. caviar king was scheduled to be arraigned in court yesterday. authorities say he of the to the woman at dusk force to drive several miles away where he assaulted and beat her before leaving her in a ditch. police described attack as random. >> the two leaders will be remembered today. the commemoration will have two parts of the ceremony on the steps of city hall at 430 this
cliff, saying the threat -- fiscal cliff saying this could drive people to spend less this holiday season if congress does not act by the end of the year, everybody will owe more in taxes come next april and that most certainly could affect people's spending habits now. >> i think it means they are not spending as much as they would because they still don't know what is gonna happen. >> congress only has 35 days to come to an agreement on deficit reduction. if they don't, automatic tax increases and spending cuts will go into effect january 1st. both parties say they are ready to compromise but still no real progress has been made. >>> 7:33. one bay area hospital demanding to be reimbursed by the los angeles dodgers for the treatment it gave to bryan stow, the giants' fan brutally beaten in l.a. brian flores is live at san francisco general hospital with more. >> reporter: hi, dave. san francisco general hospital is seeking a $1.2 million medical reimbursement from the dodgers for medical care of bryan stow. the hospital went to -- hospital went to u.s. bankruptcy court in order to
a favorable external environment, meaning u.s. not going into this deep due to the fiscal cliff. and also signs of improvement in asia. >> meanwhile the french pmi says the survey there suggests a 0.7% gdp drop in quarter 4 for france. >> that seems quite large. we've seen in recent quarters numbers out of front which were higher than suggested by the pmis, however, they then revised down q2. so i'm looking for a contraction of 0.3 in france quarter on quarter in q4. >> what's going to change things, ricardo, what will turn things around? >> i think on the policy front, not much one can effect. fiscal policy will remain tight next year. the ecb doesn't have a huge margin to ease policy. i'm expecting that they will cut the refinancing rate. but i don't think it will go to negative rates for now. so they can only do perhaps 25 basis points on the main refinancing rate. the omt bond buying facility can only be activated if one of the countries apply. and it doesn't look like neither spain nor italy will apply anytime soon. and anyway the bond yields have declined quite a bit compared to jul
-called fiscal cliff. and michael lyons of the german national security project talks about a possible review of the military drum strategy. live on "washington journal" at 7:00 a.m. eastern. >> what about if the soviet union, a christian of announces tomorrow, which i think he will that if we attack cuba that it is going to be nuclear war? >> this thing is such a serious thing that we are going to be uneasy, and we know what is happening now. something may make these people see reason, but i do not think this will. i want to keep my own people very alert. >> hang on tight. >> it is a fascinating moment. it is amazing that eisenhower tells him to have his people alert. everyone is just completely on edge, so of course they are alert. kennedy laughed, and he jocularly says to hang on tight, which is a nice moment that even on this terribly tense day, they are able to joke a little bit with each other, especially with this crisis. i think they had a sense of how lonely it is to occupy that office and how you are getting all kinds of advice, getting good advice, getting a lot of faulty advice, w
weathered those attacks and the came out on top. so when they come to a fiscal cliff negotiation, they're saying why should we compromise when you attacked us on the paul ryan budget and we're still standing? voters voted for us. so i think it's less likely we're going to see kind of a grand compromise because both sides are very entrenched. >> woodruff: even with that small pick-up of democrats in the house and even though the presidential vote was bigger than the overall house republican vote? >> right. i mean that's... both camps, you know,. >> woodruff: we'll have an argument. >> i think when it comes to the .. tre's all sorts of discussion on the fiscal cliff. president obama and speaker boehner are probably more willing to compromise, but their caucuses and their parties are very entrenched. i don't think we know what's going to happen out of this. >> woodruff: we certainly don't. nathan gonzales of the rothenberg political report, thank you for coming back to talk to us. >> thank you so much. >> brown: now that new york and new jersey have been hit by two destructive storms in l
when it comes to the .. there's all sorts of discussion on the fiscal cliff. president obama and speaker boehner are probably more willing to compromise, but their caucuses and their parties are very entrenched. i don't think we know what's going to happen out of this. >> woodruff: we certainly don't. nathan gonzales of the rothenberg political report, thank you for coming back to talk to us. >> thank you so much. >> brown: now that new york and new jersey have been hit by two destructive storms in less than two years, there's new urgency to questions about steps to better protect the region. hari sreenivasan is back with that story, part of our series on "coping with climate change." how are we doing in here? sreenivasan: ronnie forester has been working every day to put his statten island house back together again before christmas. forester's home was elevated but it wasn't high enough to save it from sandy. >> well, my house is six feet off the ground. we have four feet of water on our living floor. so you figure at least ten feet of water from where we stand now. imagine
. >>> lobbyists are reaching out to lawmakers to protect their interests in the fiscal cliff negotiations. advocates, ask for the defense are fighting spending cuts and companies that make medical devices are trying to stop new taxes from going into effect on their products due to the new health care law. a package of tax increases and spending cuts known as the fiscal cliff will take effect in january unless congress can balance the budget. >>> time now, 7:49. police near seattle say a drunk driver ran over two holiday p shoppers last night at the a wal-mart. one o -- one of those victims was pinned beneath the suv. her injuries so severe she was air lifted to a trauma center. the driver a 71-year-old person was arrested on charges of vehicular assault. police say they did smell alcohol on his breath. >>> the black friday rush also got off to an ugly start in indianapolis. there was an angry rant and security was called in after an angry rant inside a kmart store last night. they were handed out $200 vouchers for plasma tvs and some of the shoppers began selling their vouchers to other p
off the fiscal cliff and then everybody will pay attention. but that's probably a few years away. last word, bernie. >> well, i think that too often people on the left see any kind of observation that says people want things for free and not everybody does certainly, but some people do. they see it as a racial attack. they are the defenders of minorities. that's how they see themselves and they feel better about themselves attacking you for being a so-called racist because that makes them feel better about themselves. >> bill: all right. >> that's a psychological component of it. >> bill: i'm glad i could help them out. thanks very much. plenty more ahead as "the factor" moves along. john stossel investigating whether the hundreds of millions of dollars americans are donating to hurricane sandy victims will do any good. then glenn beck on how the presidential election turned out and why his prediction was wrong. beck will be here and we hope you'll stay tuned for those repopopopopo >> bill: so far, $240 million have been donated by generous americans to help the victims of hurricane sa
nomination for secretary of state? >>> the white house is stepping up pressure to avert the fiscal cliff as talks reach a breaking point. >>> and norway released chilling new video of last year's oslo bomb attack that killed eight people. good morning, i'm lynn berry. after weeks of controversy over the obama administration's handling of the attack in benghazi, the woman in the middle of it all will go face to face with her toughest critics. u.n. ambassador susan rice is
the pressure on republicans to avoid the "fiscal cliff." the president talked to small business owners at the white house today and he made his case to extend tax cuts for the middle class and allow bush-era tax cuts to expire for the wealthiest americans. republicans say raising taxes on top earners would hurt small businesses and cost jobs. >> we need to sit down and work this matter out. i think we have a clear sense that there's an opportunity her at the end of the year to do something important for the country. >> he has not waited for people to start smelling the jet fumes at national airport. he put forward a plan. >> if congress doesn't compromise the company will plunge into recession. >>> investigators have taken samples from the remains of long-time palestinian leader yasser arafat. eight years after his death, they are trying to determine if he was poisoned. rita nissan on a search for evidence. >> reporter: palestinian leaders laid wreaths outside the west bank grave of yasser arafat after forensic experts exhumed his body. international investigators took samples from his
on. obviously the fiscal cliff as well. the president is sitting down with a dozen chief executeties today to talk about this. some of them were prominent supporters of mitt romney. and then the president is going to try and sell his budget plan going to a toy factory. speaking of -- >> that's where i'd go. >> speaking of the budget, coming up, former treasurer secretary larry summers joins us on set and ray liotta and mark mckinnon and in a few minutes harold ford jr. up next the top stories in the political playbook with mike allen but first bill karins with a check on the forecast. bill. >> good morning, mika and everyone out here live rockefeller plaza. the world's failous rockefeller center christmas tree will be lit 8:00 nbc, 7:00 central. this tree has a little bit of history, not your typical tree. this tree had to survive hurricane sandy and was picked out in new jersey and had to tie it up quickly right before the storm hit to protect it from the storm because they didn't want to have to pick out a new tree. it survived, of course, sitting here and it'll be later on this ev
changes in education. the ceo of nasdaq talks about the fiscal cliff. >> what about if the soviet union announces tomorrow, that i think he will if we attack cuba, that there will be nuclear war. >> we are going to be an easy. we have to do something. something may make them should them off. i do not think this will. i want to keep my own people very alert. >> hang on tight. >> it is a fascinating moment. it is amazing eisenhower tells him to have his people a lawyer. everybody is on edge. kennedy laughs. he says, hang on tight, which is a nice moment that even on this day they are able to joke a little bit about it with each other, especially during this crisis. i think he had a sense of foul lonely it is to occupy that office. how much advice you are getting. eisenhower knew all about faulty military advice and was able to speak with supreme authority about the dangers as well as the advantages of military advice. "q &a widmer on sunday's ." >> bill gets talked about the need of education and making college more affordable. the atlantic, at the aspen institute co hosted the forum. thi
be the charitable season in a scramble to avoid the fiscal cliff both the president's plan to raise taxes on the wealthy and the raise. could hurt charities. >> high income people tend to give very generous gifts. they may give a million-dollar contribution to a capital campaign of a local hospital or local art museum. >> in fact, united way gets 15% of total donations, $500 million a year from those who give $10,000 or more charities worry any kind of cuts would. instead of charities as donations. >> if they aren't taxed on that income, then they are able to give all of that income to charities and nonprofits back to their communities. >> after all, people have to pay their mortgages and other deductible expenses but they don't have to give to charities. >> they do receive the tax incentive but the tax incentive is not why most people do it. it impacts how much people are able to give. >> republicans argue against increases in tax rates for fear it will discourage job creation by hitting small business owners who file as individuals. they prepare a limit on deductions perhaps a cap total
to avoid the so-called fiscal cliff. obama talked about of the obama family, i want to wish everybody a very happy thanksgiving. for us, this is a day full of ta family, i want to wish everybody a very happy thanksgiving. for us, this is a day full of family and>> on behalf friends,d football. it is a date to fight the urge to take a nap, at least until after dinner. most of all, it is a time to give thanks for each other and for the bounty we enjoy in this country. that is important this year. we have just emerged from a campaign season that was passionate, noisy, and vital to our democracy. it also required us to make choices. sometimes that led us to focus on what sets us apart rather than ties us together. thanksgiving is a chance to put it all in perspective. to remember that, despite our differences, we are americans first and foremost. today we give thanks for blessings that are too rare in this world, the ability to spend time with the ones we love, to say what we want, worship as we please, note that there are men and women defending our freedom around the globe into book our
-business owners at the white house today. piddocks was supporthe fiscal cliff is a combination of scheduled tax increases and spending cuts that economist predict was in the u.s. economy into a recession. >> we will be right back as the kron for morning news continues. off to developing stores are all falling. one is a police standoff on treasure island with a robbery suspect. also a possible officer involved should out in milpitas. a live look at the bay bridge toll plaza light traffic for now. welcome back. new consumer credit data shows that more americans are falling behind on their auto payments. particularly between july and september. back-to- school needs and other needs are putting a strain on consumers' wallets. of dropping seven approving in the overall auto world. there is a new hope of making the rounds on facebook is the status of dates that are judged users to copy and paste the message declaring they have the rights the material they pose and the profiles. it has people where it that facebook will use the pictures and status updates. facebook respond sang " anyone who uses faceb
with oklahoma senator tom coburn about the fiscal cliff, affordable care act and the future of the republican party on booktv's "in depth." he has written several books and reports including his latest, the debt mama. join our conversation, your calls, e-mails and tweets and facebook comments for medical doctor, author and senator coburn on c-span2. >> [inaudible conversations] >> good morning. if i could ask are going to take their seats. welcome to the arms control association the national american council titled iran 2013, making diplomacy work. i'm the president of the national american council and welcome to all our viewers on c-span as well. it's been almost exactly four years since president obama's a famously extended his hand of friendship and hope the iranians would unclench their fists. yet today after a few rounds of diplomacy, plenty more sanctions and centrifuge, there are plenty of clinched this on both sides and very little talk about friendship. there's been an attempt at diplomacy but political constraints on both sides have been difficult to advance an old habits are diffic
will focused on the so-called fiscal cliff and the bush era tax rates. our guest will include alex from the mesh enterprise substitute and e than poll lick with the economic policy substitute. washington journal is live on c-span every day at 7:a.m. eastern. >>> on 16 or 17 bases in the united states we have military -- [inaudible] the average cost to agent dmield that school per year is $50,000. almost four times what the rest of the public education costs. and many -- the vast majority of our bases we use public schools. we can take the money we're spending today, pay every public school system $1 4,000 per child and save billions of dollars per year. and with the same or better outcomes. >>> this weekend you can take with oklahoma stater tom coburn about the fiscal cliff. on booktv in-depth. the senator is written several books including the latest "the debt bomb" join the three-hour conversation your call, e-mails, face and comments. live sunday at noon eastern on booktv in-depth on c-span2. >>> former florida governor jeb bush called for higher education standards in the u.s. deliv
center holds a form when dan the so-called fiscal cliff and with the current congress can learn from the 1990 budget deal between president george h.w. bush and democrat. we'll be live starting at 9:00 a.m. eastern on their companion network from the c-span 3. >> now, from secretary of state, condoleezza rice and former chancellor of new york city public schools, scholl klein discussed the educational system and its impact on national security. part of a two-day summit with policymakers and education leaders, hosted by the foundation for excellent education. it's about an hour. [applause] >> welcome to this evening broadcast on morning joe. the energy and thus are a visceral testament to writing two things. one aside the issue of educational reform has ripened. it's a combination of need, the talent we see in this term has coalesced around this issue to detect elegies, but there is a sense that the moment has arrived. and the other is 73 bush. [applause] i am a great believer that two things matter in life. one of the idea and the others people. that's the real driver of change, the
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